Full solution of all problems is required. It is to be attched to Question#8. Questions 4,5,6,7 require a timeline.

Round final answers to 2 decimal digits. Keep at least 6 decimals for intermediate answers.

1. What principal will earn $179.94 in interest at 5.3% from September 25, 2021 to July 29, 2022?
2. How many months did you borrow $25,000 for if a bank charged you $1,718.75 in interest at an interest rate of 8%?
3. How much interest was earned if a GIC invested March 1, 2021 to October 18, 2021, matured for $11,000, given banks pay 7% interest?
4. Loan payments of $1,500 due 180 days ago and $3,000 due 70 days ago are to be replaced by a payment of $3,600 today and the balance 40 days from today. If money is worth 13% p.a. and the agreed focal date is 40 days from today , what is the size of the final payment?
5. Alex borrowed $2,200 today and is to repay the loan in two equal payments, one in 3 months and one in 8 months from now. If interest on the loan is 7% p.a., what is the size of each of the equal payments if a focal point of today is used?
6. Alex borrowed $8,250 on May 16, 2020. He paid the loan back on demand: $4,700 on July 24, 2020, $2,300 on November 18, 2020, and the balance on January 4, 2021. The rate of interest on the loan was 7% p.a. How much did he pay on January 4, 2021?
7. On May 15, 2021, a five-month promissory note for $14,500 with interest at 4% was issued. Compute the present value of the note on July 6, 2021, if money is worth 5%.